Active

150 Cress Street

LAGUNA BEACH CA, 92651

$8,995,000


$3,124.35 per sqft

Active

8 Beds

6 Baths

2,879 sqft

Multi-family

Built in 1955

Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed ocean-view villas, 120, 130, & 150 Cress Street are set on an expansive and meticulously hardscaped lot. Perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. This remarkable property allows the owner to enjoy one of the most coveted beach house locations in Southern California while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" is a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. The additional two villas, separated by only one common wall between them, feature 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing both you and your guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep, or savoring a sunset glass of wine by one of the four outdoor fire pits that overlook the magnificent ocean, it will be no surprise that your guests are drawn back to the enchanting Villas of Laguna Vista time and again, a testament to the property s undeniable allure and year-round demand. Seize this remarkable opportunity to live and invest in a coastal gem that promises elegance, sustainability, and profitability. This is also a Luxury Builders Dream, value could come within striking distance of $20,000,000 with the addition of a second story. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.

OC25017354MR

MLS ID

February 5, 2025

Listed

February 22, 2025

Updated

Interior Features

Total Stories

1


Bedrooms

8


Total Bathrooms

6


Full Bathrooms

5


Half Bathrooms

1


Laundry Description

Laundry Closet Stacked, Stackable W/D Hookup


Fireplace

Yes


Fireplace Description

Family Room


Cooling

Yes


Cooling Description

Ductless


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres


Sewer

In Street Paid

School Information

School District

Laguna Beach Unified

Other Property Details

Area Name

Laguna Village


Days on Market

16


Garage

Yes


Garage Spaces

3


Parking Total

3


View

Yes


View Description

Ocean


County

Orange


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

2/6/2025

Active

Listed by Derek Larson with Derek Lee Larson
Listing Contact: 949-677-4121 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lucas Schelkens shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/22/2025

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